2.10% Two Year Discount Further Advance

 

Interest Rates

2.89%

Representing a 2.10% discount off our Residential Standard Variable Rate for the first two years, chancing to our Residential Standard Variable Rate which is currently 4.99% 

4.8% APRC 

(The overall cost for comparison)

Main Features

Available for: Further Advances 

Min/Max Adv: £5,000/£1,000,000

Max Loan To Value: 80%

Arrangement Fee: N/A 

Valuation Fee: A revaluation fee of £150 may be applicable 

Application Fee: £80

Early Repayment Charge (ERC): 1% in the first two years 

Overpayments: 10% of the advance amount can be repaid per annum for two years without incurring a charge. A 1% charge is due on any amount repaid that exceeds 10% per annum

Restrictions: This mortgage must be repaid on a capital & interest basis. 

Other Features: N/A

Representative Example

A mortgage of £20,000 payable over 17 years initially on our discounted rate at 2.89% below the Society's Residential Standard Variable Rate of 4.99% for 2 years and then reverting to our current Residential Standard Variable Rate of 4.99% (variable) for the remaining 15 years, would require 24 monthly payments of £124.20 and 180 monthly payments of £143.23 plus one initial interest payment of £49.09. 

The total amount payable would be £29,066.29 made up of the loan amount plus interest (£8,811.29) and Revaluation Fee (£150), CHAPS fee (£25) and Application Fee (£80). 

The overall cost for comparison is 4.8% APRC representative.

Additional Notes
  • This mortgage summary should be read in conjunction with the Terms and Conditions.
  • All Dudley Building Society mortgage products are subject to limited availability and may be withdrawn at the Society's discretion
  • Fees and rates may vary according to the individual case. Fees and rates will be confirmed upon application.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE